Google Enforces Mandatory Registration Rule for Crypto Apps in South Korea
The Google Play Store has chosen to restrict the listing and updating of foreign-based cryptocurrency exchanges and software wallets that operate without registration, which will have a direct effect on the cryptocurrency industry in South Korea. This policy would drastically change South Korean Android users’ access to many international platforms starting on January 28. Registration […]
South Korea to Reinstate Corporate Crypto Investments After Nine Years
South Korea’s FSC intends to reinstate corporate cryptocurrency trading following a nine-year prohibition. 3,500 firms may invest up to 5% of their stock in popular cryptocurrencies. The South Korean financial watchdog is poised to ease its nine-year prohibition on corporate cryptocurrency investments. This is a dramatic shift in the country’s attitude toward digital assets, allowing […]
Frax Expands Stablecoin Lineup with Korean Won-Pegged KRWQ on Base Network
Frax Finance, the team behind the algorithmic stablecoin Frax (FRAX) and the IQ ecosystem, has announced the launch of a new stablecoin pegged to the South Korean won (KRW). The digital asset, named KRWQ, is now live on Base, Coinbase’s Ethereum Layer-2 network , marking a new step in Frax’s ongoing mission to broaden its […]
South Korea to Grant ‘Venture Company’ Status to Crypto Firms Next Week
South Korea is set to take a decisive step in integrating its fast-growing digital asset sector into the mainstream economy, as crypto firms in the country prepare to receive official venture company status starting next week. The move is seen as a major breakthrough for the industry, which has long pushed for greater recognition and […]
South Korea Sets Crypto Lending Rates at 20%
South Korea’s Financial Services Commission (FSC) has rolled out new rules that place tighter limits on the country’s booming crypto lending industry. Under the guidelines, lending platforms must cap annual interest rates at 20% and are no longer allowed to offer leveraged loans, where borrowers take out more than the value of their collateral to […]